HOUSTON, June 29 /PRNewswire/ -- Energy Risk has named SunGard "Software House of the Year" in its 14th Annual Energy Risk Awards. Award winners are determined by a panel of industry experts who review submitted nominations and select those companies recognized for substantial accomplishments in the energy industry in the areas of financial services, risk management, trading and technology. This award comes just three months after customers named SunGard "Top Vendor" in Energy Risk's 2010 Software Survey Rankings.
Stella Farrington, editor of Energy Risk magazine, said, "In the last 12 months, SunGard has made significant achievements in terms of system integration, new product launches, software delivery in the Software-as-a-Service (SaaS)* model, global expansion, and the addition of new customers around the world. The breadth of customers SunGard services, as well as its continuous progress in delivering flexible and scalable solutions, set it apart from other software houses in the energy space last year."
Ben Jackson, senior executive vice president for SunGard's energy and commodities business, said, "We recognize that organizations in the energy business require technology that is agile to help them quickly adapt to market and regulatory changes. SunGard helps energy and financial services companies increase transparency and precision in trading operations, and gain efficiencies with improved straight-through processing. We continue to deliver on our promise to help give customers an informational advantage in trading and an operational edge in trade processing."
*SunGard Financial Systems is pursuing a visionary initiative to transform some of the key functionality of its core systems into components creating software-as-a-service (SaaS)-based solutions. Infinity uses a service-oriented architecture (SOA) development framework, offers a business process management platform (Infinity Process Platform) and a virtualized, on-demand delivery infrastructure.
About SunGard's Energy and Commodities Solutions
SunGard's energy and commodities solutions help energy companies, corporate hedgers, hedge funds and financial services firms to compete efficiently in global energy and commodities markets by streamlining and integrating the trading, risk management and operations of physical commodities and their associated financial instruments. Through real-time data, connectivity and analysis, SunGard's energy and commodities solutions help customers achieve transparency and regulatory compliance, address end-to-end transaction and operational lifecycles, and meet time-to-market needs with flexible deployment options. For more information, visit www.sungard.com/energyandcommodities.
SunGard is one of the world's leading software and technology services companies. SunGard has more than 20,000 employees and serves 25,000 customers in 70 countries. SunGard provides software and processing solutions for financial services, higher education and the public sector. SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software. With annual revenue exceeding $5 billion, SunGard is ranked 380 on the Fortune 500 and is the largest privately held business software and IT services company. For more information, please visit www.sungard.com.
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